The objectives of this Act are to facilitate broad-based black economic empowerment by—
| (a) |
promoting economic transformation in order to enable meaningful participation of black people in the economy; |
| (b) |
achieving a substantial change in the racial composition of ownership and management structures and in the skilled occupations of existing and new enterprises; |
| (c) |
increasing the extent to which communities, workers, cooperatives and other collective enterprises own and manage existing and new enterprises and increasing their access to economic activities, infrastructure and skills training; |
| (d) |
increasing the extent to which black women own and manage existing and new enterprises, and increasing their access to economic activities, infrastructure and skills training; |
| (e) |
promoting investment programmes that lead to broad-based and meaningful participation in the economy by black people in order to achieve sustainable development and general prosperity; |
| (f) |
empowering rural and local communities by enabling access to economic activities, land, infrastructure, ownership and skills; |
[Paragraph (f) amended by section 2(a) of Act No. 46 of 2013]
| (g) |
promoting access to finance for black start-ups, small, medium and micro enterprises, co-operatives and black entrepreneurs, including those in the informal business sector; |
[Paragraph (g) amended by section 2(b) of Act No. 46 of 2013]
| (h) |
increasing effective economic participation and black owned and managed enterprises, including small, medium and micro enterprises and co-operatives and enhancing their access to financial and non-financial support. |
[Paragraph (h) inserted by section 2(c) of Act No. 46 of 2013]
Older Persons Act, 2006
